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2016-10-04 17:06:21

SALT

Scorpio Bulkers

$3.55

0.16 (4.72%)

17:06

10/04/16

10/04

17:06

10/04/16

17:06

Scorpio Bulkers president acquires 60,000 shares at $3.60 per share

Scorpio Bulkers announced that Robert Bugbee, president of the company, has purchased an aggregate of 60,000 common shares of the company at an average price of $3.60 per share in the open market. The company currently has 75,305,118 common shares outstanding.

SALTScorpio Bulkers

$3.55

0.16 (4.72%)

03/17/16

UBSW

03/17/16DOWNGRADETarget $3.5UBSWNeutral

Scorpio Bulkers downgraded to Neutral from Buy at UBS

UBS analyst Spiro Dounis downgraded Scorpio Bulkers to Neutral citing the company's "continued dilutive" share offerings. Scorpio may need to offer a large discount to the closing price in order to attract new capital, Dounis tells investors in a research note after the company filed to sell 21M shares. He cut his price target for the stock to $3.50 from $4.

03/21/16

EVER

03/21/16DOWNGRADETarget $5.5EVERHold

Scorpio Bulkers downgraded to Hold from Buy at Evercore ISI

Evercore analyst Jonathan Chappell downgraded Scorpio Bulkers to Hold to reflect recent dilution from the $61M equity raise and potential for further dilution in the future. The analyst lowered his price target to $5.50 from $9 on Scorpio Bulkers shares.

05/05/16

UBSW

05/05/16DOWNGRADETarget $3.5UBSWSell

Scorpio Bulkers downgraded to Sell from Neutral at UBS

UBS analyst Spiro Dounis downgraded Scorpio Bulkers to Sell citing the stock's 33% rally since March 17. While the recent equity offering helped extend Scorpio's runway, a bulker market recovery may still be years away, Dounis tells investors in a research note. He keeps a $3.50 price target for the shares.

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Chesapeake Utilities (CPK) initiated with a Neutral at Ladenburg. 2. CONSOL (CNX) initiated with a Neutral at Goldman. 3. Johnson Controls (JCI) assumed with an Equal Weight at Barclays. 4. American Midstream Partners (AMID) initiated with a Buy at Janney Capital. 5. Brookfield Infrastructure (BIP) coverage resumed with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Abercrombie & Fitch (ANF) downgraded to Sell from Hold at Argus with analysts John Eade and Katelyn Bayone citing the company's third quarter miss and what they see as its "challenging sales outlook for the remainder of the year." 2. Duluth Holdings (DLTH) downgraded to Hold from Buy at Stifel and to Market Perform from Outperform at William Blair. 3. DAVIDsTEA (DTEA) downgraded to Market Perform from Outperform at BMO Capital and to Market Perform from Outperform at William Blair. 4. Hilton (HLT) downgraded to Outperform from Buy at CLSA with analyst Jon Oh citing valuation. 5. Horizon Pharma (HZNP) downgraded to Neutral from Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AstraZeneca (AZN) upgraded to Outperform from Market Perform at Leerink with analyst Seamus Fernandez saying the recent weakness in shares provides an "excellent entry point" ahead of several critical pipeline events that have the potential "to transform this giant into an exciting growth story." 2. Autodesk (ADSK) upgraded to Buy from Hold at Canaccord with analyst Richard Davis citing expectations for improved free cash flow, as he sees a path to $6 in FCF by 2020 and $11 per share in 2022. 3. Eaton (ENT) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying optionality of the company's balance sheet should offset broad weakness across its end markets. 4. Fluor (FLR) upgraded to Buy from Neutral at Citi with analyst Andrew Kaplowitz saying the company is positioned to outperform given amid oil and gas capex stabilization, a lift off the bottom in mining off the bottom and "muted" 2017 expectations. 5. Sysco (SYY) upgraded to Neutral from Sell at Goldman. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.